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Origin Agritech shares are trading lower after the company announced the sale of its 70.5% stake in Xinjiang Originbo to Hunan Xindaxin for ~$15 million while leasing the facility back for five years.
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- benzinga
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Related Headlines
Origin Agritech Indirect Subsidiary, Beijing Origin, Enters Into Equity Transfer Agreement To Sell Its 70.5184% Equity Interest In Xinjiang Originbo Seed To Hunan Xindaxin For ~$15M
Origin Agritech Announces $15M Deal To Sell 70.5% Xinjiang Originbo Stake To CEO-Linked Hunan Xindaxin, Will Lease Back Assets